Flare launches his first fact, opening a new utility for XRP holders in loans, liquidity and beyond.
Flare deployed his first MakeFXRP, on Mainnet, giving XRP its first direct route in the EVM DEFI environment of Flare. Holders can now surround themselves FXRP themselves or discuss it on dexhies supported to start using it in trading, loan and liquidity pools, with a set of implementation of liquid to follow.
XRP has long been one of the largest cryptocurrencies by market capitalization – culminating above $ 170 billion – but most of this value has remained outside of Defi. Unlike ETH or Sol, XRP was not designed with smart contracts, which makes it difficult to connect to the protocols. This changes with the launch of FXRP, which was officially posted on Flare on September 24
What is FXRP?
The FXRP is an individual representation of XRP on Flare, an EVM compatible blockchain focused on the net of non -intelligent contract. Once struck, FXRP can be used for decentralized negotiations, liquidity supply or loan. The liquid clearing via Firelight is also planned, giving XRP holders a way to win awards of jealousness while keeping liquid tokens.
Safety measures
The protocol was built with several safety layers. He has undergone at least four independent audits of companies such as Zellic and Coins Respect, as well as criticism led by the community via Code4Rena. Bug bonuse programs with immunofi surveillance and 24/7 per hypernative add additional protection.
These guarantees are essential because the facts manage the transversal processes such as collateral management and without confidence. For institutions and large holders, continuing insurance is considered a requirement, not just a single check.
Fxrp
The direct way of obtaining FXRP is to mentor it yourself:
- Acquire XRP on the large XRP book (XRPL).
- If your XRP is in exchange, remove it in a self-cuir portfolio which supports Flare and XRPL, which are the big book and the bifrost.
- Go to or Oracle Daemon and follow the steps of the FXRP mint.
To ensure secure deployment, Flare capped the strike at 5 million FXRP during the first week, the ceiling gradually increasing over time.
For step -by -step advice, look at the FXRP MINTING tutorial: YouTube Guide
For more technical details, see the documentation: presentation of the facts
Exchange on Dex
- The FXRP is also available thanks to decentralized exchanges on Flare.
- Acquire any supported token on Flare.
- Visit a Dex like Sparkdex, Blazeswap or Enosys
Connect your wallet and use the exchange function to exchange your tokens for FXRP.
User cases for FXRP
FXRP is fully composable in the Flare DEFI battery:
- Trading and liquidity – Add liquidity to Sparkdex, Blazeswap or Enosys (for example, FXRP / USDT â‚® 0 pairs)
- Loan and loan – Provide an FXRP on kinetics or borrow against him.
- Liquid – to come soon via stxrp of Firelight.
To support adoption, Flare distributes RFLR rewards FXRP swimming pools at launch. The Target APRs vary from approximately 5% on the offer markets up to 50% on the FXRP / USDT liquidity pools â‚® 0. In the longer term, the roadmap includes stable co -co -lecoin on CDP on Enosys, yield boxes and structured products built around STXRP.
A new phase for XRP
The arrival of FXRP on Flare opens DEFI access for one of the largest assets in the industry. XRP holders now have the possibility of borrowing, negotiating and gaining yields – use cases that were previously out of reach. For developers, the facts serve as plug-and-play construction blocks, allowing XRP to integrate directly into the DEFI protocols.
This launch also lays the basics of what Flare calls “XRPFI”: an effort to give XRP a broader role in decentralized finance. For the future, Flare plans to extend the BTC and DOGE, providing more non -intelligent contractual assets in its ecosystem.
👉 Defull FXRP Announcement and details
